trader2000 wrote: Sat Jun 22, 2024 2:09 am
dear members /traders ,, could you please tell me what i miss let me miss this sell on gold ,, no small circles appear ? or i did not understand the matter ? please help thanks
If price takes off as the result of some news event there may not be any retracements, in this case, there was a small retracement at the open but not enough for a dot to appear. As already mentioned you could have used the Index Entry signal, it is a more risky entry but can have big rewards. Way back in this thread,
Xard talks about entering when price crosses the moving averages after reversing at a large Semaphore. However, he also states that it is a higher risk to take a trade using that method, by waiting for the second dot it is much lower risk.
You will not achieve perfection and there is no point getting frustrated about it. Accept that you will not get in on every move, you will have taken profit and price continued on and you could have made 3 times as much profit and some trades will be losers!
Here is what
Xard said recently about entries.
"The message is always the same, take the trade off the 2nd Dot.
It is the best place for an entry, it's where price sets itself up for a move.
It is nothing new, it's what is on all of my previous setups.
The 15m and the 5min TFs show the 2nd dot more often than the 1hr, 4hr & Daily. It is just smaller cycles is all.
If you are an investor then invest your money off the 2nd dot on the 4hr or Daily chart.
If you are an intraday trader then trade off the 2nd dot on the 15min or 5min chart (more frequent usually every day and sometimes twice a day)."
